Rates and Charges
FEES AND CHARGES FOR DIFFERENT PRODUCTS AND SERVICES W.E.F 01-01-2023 Download
Savings Bank Account
| Minimum Balance Required to open account without cheque book facility | R200 |
| Minimum Balance Required to open account with cheques book facility | R500 |
| Minimum Balance Required to open account by expatriates With/without cheques book facility | R500 |
| Bank card | FREE |
| Cheque returned for insufficient funds | R500 |
| Lost/ Replacement of Bank Card. | R150 |
| Balances below specified amount i.e R200/-(without cheque book)& R500/- (with cheque book) | R50 p.m |
|
Maintenance of Dormant a/c* (*When account is not operated for -2-years) |
No charge |
| Cash Transaction at the counter | FREE |
| Unauthorized O/D (not allowed) | 24%p.a on overdrawn account |
| Cheque Books | 50 pages R175, 100 pages R250 |
| Duplicate statement | R10 per page |
Current Account(Individual and Business)
| Minimum Balance Required to open account | R5000/- |
| Current a/c Closure charge | No charge |
| Cheque books | 50 pages R175, 100 pages R275 |
| Cheque returned for insufficient funds | R500 |
| Temporary Overdraft | 24% p.a on overdrawn account |
|
Maintenance of Dormant a/c* (*When account is not operated for-1- year) |
Nil |
| Stop payment of cheque (per leaf) | R100 |
| Automated transfers | FREE |
| Balances below R5000 | R200 p.m |
| Maintenance fee(half yearly) | R100 |
| Cash Transaction at the counter | FREE |
| Duplicate statement charge | R20 per page |
Foreign Currency Current Account
|
Minimum Balance Required to open Foreign currency account a)For salary A/c For others |
Equivalent to USD 25 Equivalent to USD 100 |
| Inward transfers received from banks | No charge |
| Maintenance of Dormant a/c | No charge |
| Foreign currency account maintenance |
Non-Individuals (Per month)
USD, EUR & GBP – USD 5, EUR 5 and GBP 5 respectively Individuals (Per month) USD, EUR & GBP – USD 1, EUR 1 and GBP 1 respectively |
| Transfer within branch | No charge |
| Cash withdrawal | No charge |
| Cash deposit | No charge |
| Local cheque collection | USD 5 |
| Cheque book 50pages(Current Account)) | USD15 |
Fund Transfers
| Local Payments | |
|---|---|
| Fund transfer through SEFT (Manual / Over the counter) | SCR 20 |
| Fund transfer through SWIFT (for any amount) | R50 |
| Banker's cheques | R50 |
| Foreign Payments | |
| SWIFT/ TT ( in case currency/country differs) |
USD 5 for amount upto USD 1000 plus correspondent Bank
Charges Above USD 1000 0.25% plus correspondent Bank Charges, if any. Min – USD 10 , Maximum USD 100 |
|
Transfer to India in INR through Rapid Funds to India (against USD/EUR/GBP) (against SCR Upto SCR 50000 More than SCR 50000 (** plus correspondence bank charge, if any) |
SCR 60 (Only through branch) SCR 75 (Through Branch) SCR 60 (Online Mode) SCR 90 (Only through Branch) Free Remittance in case both the remitter and beneficiary have an account with Bank of Baroda. |
| Foreign Drafts | R400 |
| Cancellation / Revalidation of draft / Banker’s Cheque | R100 |
Standing Orders
| Current a/c & Savings a/c(Internal transfer) | No charges |
| Current a/c & Savings a/c(External payment) EFT | R20/- |
| Current a/c & Savings a/c(Exter. payment) SWIFT | R50/- |
| New standing order set up for external remittance.(One time) | Rs25/- |
| Unpaid due to insufficient funds | R100 |
Documentary Credits (Inwards)
| Opening/ Establishment of LC | 2% min. R300 p.q.> 3 months at Pro Rata basis |
| Advising/ Notification | No charge |
| Negotiation | 1% subject to minUSD50 |
| Confirmation | No charge |
| Amendment | 2% of increased amount, min. R250. |
| Transferring of LC | No charge |
| Acceptance | 1% min. R250 |
| Under other credits | No charge |
| Commission on Payment | No charge |
| Commission on Issuance | No charge |
| Verification of documentation, collection | No charge |
| Telex/Fax/ Swift sent at client's request | R125 |
Documentary Credits (Outwards)
| Notification | No charge |
| Acceptance | 0.50%minUSD40 |
| Confirmation | No charge |
| Negotiation | 0.50%minUSD40 |
| Opening/ Transferring | 2%p.q minR400 |
| Drawing/verification of documentation | R100 |
| Amendment | 2% of increased amount, min. R250. |
| Shipping guarantee | R500 |
| Telex/ Fax/ Swift sent at client's request | R125 |
Loan and Advances Fees
| Business O/D & loans - fresh | 1% min R300 |
| Business O/D & loans – Renewal | 1% min R300 max R50000 |
| Processing Charge for adhoc/Excess | 2% of the amount sanctioned |
| Personal loan -On Sanction | 1% MinR400 MaxR1000 |
| Home loan: upto SCR 1.5 Mn Above SCR 1.5 Mn | SCR 2500 For first home acquirer and 0.25% for others 0.50% of loan amount |
|
Car loan - On sanction Review/Renewal |
1% MinR300
R100 |
|
Loan against SCR denominated FDR Loan/OD against Foreign currency FDR (Fresh) OD against Foreign currency FDR (Review) |
SCR 500 for loan upto SCR 1 Mn SCR 1000 for loan above SCR1 Mn 0.25% of Loan amount with Min R500 1000 SCR |
| C/F Loan & Advance Fees, Processing Fee Amendment to loan contracts/agreement ------------- | For Loan upto SCR 1 Mn : R1500 For loan above SCR 1 Mn : R5000 |
| Detail of loan repayment | No charge |
| Pre-mature closure | No charge |
| Part-repayment (require rescheduling) | No charge |
| Prepayment charge: Loan in SCR currency Loan in Fgn currency | -NIL- 3% on prepayment amount |
| Overdue penal interest | 2%p.a on overdue amount |
| Legal Fee(as charged by the lawyers) | Actual |
| Loan - cancellation of agreement (pre-disbursement) | R500 |
| Loan Eligibility Letter | R300 |
Guarantees, Bonds, indemnities etc.
| Immigration Guarantee/bond/indemnities. | 1% p.a Min R500p.a |
| Financial Guarantee | 2%p.a |
| Performance Guarantee | 0.5%p.a |
Bill for Collection(Inward and Outward)
| Inward (documentary) | 1%minimum SCR350+SCR300 transmission cost |
| Inward (clean) | USD 30 |
| Holding bill beyond due date | SCR250/- |
| Outward(sight/tenor) | 0.25%,minUSD20 |
| Tracer to charges | R200 |
| Courier Charges | Actual |
Miscellaneous
| Bank audit report to company's auditors | Balance confirmation only-R100, with other detailsR200 |
| Status report for customers | R100 |
| Safe custody / Locker | Small – R1200 p.a. Medium- R2000 p.a., Large – R3000 p.a. |
| Attestation of documents | R100 per documents |
| Loss of wallet/ key | R5000 |
Internet Banking Facilities
| Transaction based | Free of cost |
Debit card
| First card issuance | Free |
| Regeneration of PIN | Free |
| Reissuance of lost card | R150 |
Abbreviations
|
p.m - Per Month a/c - Account max - Maximum LC - Letter of Credit p.a - Per Annum Fgn - foreign |
PLR---9.25% W.E.F. 01-10-2021 FOR MORE INFORMATION PLEASE VISIT YOUR BRANCH OR CALL ON TEL:4673914,4673915,4673901 |
FEES AND CHARGES FOR DIFFERENT PRODUCTS AND SERVICES W.E.F 01-10-2022
Savings Bank Account
| Minimum Balance Required to open account without cheque book facility | R200 |
| Minimum Balance Required to open account with cheques book facility | R500 |
| Minimum Balance Required to open account by expatriates With/without cheques book facility | R500 |
| Bank card | FREE |
| Cheque returned for insufficient funds | R500 |
| Lost/ Replacement of Bank Card. | R150 |
| Balances below specified amount i.e R200/-(without cheque book)& R500/- (with cheque book) | R50 p.m |
| Maintenance of Dormant a/c* | No charge |
| (*When account is not operated for -2-years) | - |
| Cash Transaction at the counter | FREE |
| Unauthorized O/D (not allowed) | 24%p.a on overdrawn account |
| Cheque Books | 50 pages R175, 100 pages R250 |
| Duplicate statement | R10 per page |
Current Account(Individual and Business)
| Minimum Balance Required to open account | R5000/- |
| Current a/c Closure charge | No charge |
| Cheque books | 50 pages R175, 100 pages R275 |
| Cheque returned for insufficient funds | R500 |
| Temporary Overdraft | 24% p.a on overdrawn account |
| Maintenance of Dormant a/c* | Nil |
| (*When account is not operated for-1- year) | - |
| Stop payment of cheque (per leaf) | R100 |
| Automated transfers | FREE |
| Balances below R5000 | R200 p.m |
| Maintenance fee(half yearly) | R100 |
| Cash Transaction at the counter | FREE |
| Duplicate statement charge | R20 per page |
Foreign Currency Current Account
|
Minimum Balance Required to open Foreign currency account a)For salary A/c For others |
Equivalent to USD 25 Equivalent to USD 100 |
| Inward transfers received from banks | No charge |
| Maintenance of Dormant a/c | No charge |
| Foreign currency account maintenance |
Non-Individuals (Per month)
USD, EUR & GBP – USD 5, EUR 5 and GBP 5 respectively Individuals (Per month) USD, EUR & GBP – USD 1, EUR 1 and GBP 1 respectively |
| Transfer within branch | No charge |
| Cash withdrawal | No charge |
| Cash deposit | No charge |
| Local cheque collection | USD 5 , GBP 5 , EUR 5 as the case may be |
| Cheque book 50pages(Current Account)) | USD15 |
Fund Transfers
| Local Payments | |
|---|---|
| Fund transfer through SEFT (Manual / Over the counter) | SCR 20 |
| Fund transfer through SWIFT (for any amount) | R50 |
| Banker's cheques | R50 |
| Foreign Payments | |
| SWIFT/ TT ( in case currency/country differs) | 0.25% plus correspondent Bank Charges, if any. Min – USD 10 , Maximum USD 100 |
| Transfer to India in INR through Rapid Funds to India (against USD/EUR/GBP) | SCR 60 |
|
Transfer to India in INR through Rapid Funds to India (against SCR) Upto SCR 50000 More than SCR 50000 |
SCR 75 SCR 90 |
| (** plus correspondence bank charge, if any) | |
| Foreign Drafts | R400 |
| Cancellation / Revalidation of draft / Banker’s Cheque | R100 |
Standing Orders
| Current a/c & Savings a/c(Internal transfer) | No charges |
| Current a/c & Savings a/c(External payment) EFT | R20/- |
| Current a/c & Savings a/c(Exter. payment) SWIFT | R50/- |
| New standing order set up for external remittance.(One time) | Rs25/- |
| Unpaid due to insufficient funds | R100 |
Documentary Credits (Inwards)
| Opening/ Establishment of LC | 2% min. R300 p.q.> 3 months 50% p.q. or part thereof |
| Advising/ Notification | No charge |
| Negotiation | 1% subject to minUSD50 |
| Confirmation | No charge |
| Amendment | 2% of increased amount, min. R250. |
| Transferring of LC | No charge |
| Acceptance | 1% min. R250 |
| Under other credits | No charge |
| Commission on Payment | No charge |
| Commission on Issuance | No charge |
| Verification of documentation, collection | No charge |
| Telex/Fax/ Swift sent at client's request | R125 |
Documentary Credits (Outwards)
| Notification | No charge |
| Acceptance | 0.50%minUSD40 |
| Confirmation | No charge |
| Negotiation | 0.50%minUSD40 |
| Opening/ Transferring | 2%p.q minR400 |
| Drawing/verification of documentation | R100 |
| Amendment | 2% of increased amount, min. R250. |
| Shipping guarantee | R500 |
| Telex/ Fax/ Swift sent at client's request | R125 |
Loan and Advances Fees
| Business O/D & loans - fresh | 1% min R300 |
| Business O/D & loans – Renewal | 1% min R300 max R50000 |
| Processing Charge for adhoc/Excess | 2% of the amount sanctioned |
| Personal loan -On Sanction | 1% MinR400 MaxR1000 |
| Home loan: upto SCR 1.5 Mn Above SCR 1.5 Mn | SCR 2500 For first home acquirer and 0.25% for others 0.50% of loan amount |
|
Car loan - On sanction Review/Renewal |
1% MinR300
R100 |
| Loan against SCR denominated FDR |
SCR 500 for loan upto SCR 1 Mn SCR 1000 for loan above SCR1 Mn |
| Loan/OD against Foreign currency FDR (Fresh) | 0.25% of Loan amount with Min R500 |
| OD against Foreign currency FDR (Review) | SCR 500 for loan upto SCR 1 Mn 0.10% maximum 10,000 for above SCR1 Mn |
| C/F Loan & Advance Fees, Processing Fee Amendment to loan contracts/agreement ------------- | For Loan upto SCR 1 Mn : R1500 For loan above SCR 1 Mn : R5000 |
| Detail of loan repayment | No charge |
| Pre-mature closure | No charge |
| Part-repayment (require rescheduling) | No charge |
| Prepayment charge: Loan in SCR currency Loan in Fgn currency | -NIL- 3% on prepayment amount |
| Overdue penal interest | 2%p.a on overdue amount |
| Legal Fee(as charged by the lawyers) | Actual |
| Loan - cancellation of agreement (pre-disbursement) | R500 |
| Loan Eligibility Letter | R300 |
Guarantees, Bonds, indemnities etc.
| Immigration Guarantee/bond/indemnities. | 1% p.a Min R500p.a |
| Financial Guarantee | 2%p.a |
| Performance Guarantee | 0.5%p.a |
Bill for Collection(Inward and Outward)
| Inward (documentary) | 1%minimum SCR350+SCR300 transmission cost |
| Inward (clean) | USD 30 |
| Holding bill beyond due date | SCR250/- |
| Outward(sight/tenor) | 0.25%,minUSD20 |
| Tracer to charges | R200 |
| Courier Charges | Actual |
Miscellaneous
| Bank audit report to company's auditors | Balance confirmation only-R100, with other detailsR200 |
| Status report for customers | R100 |
| Safe custody / Locker | Small – R1200 p.a. Medium- R2000 p.a., Large – R3000 p.a. |
| Attestation of documents | R100 per documents |
| Loss of wallet/ key | R5000 |
Internet Banking Facilities
| Transaction based | Free of cost |
Debit card
| First card issuance | Free |
| Regeneration of PIN | Free |
| Reissuance of lost card | R150 |
Abbreviations
|
p.m - Per Month a/c - Account max - Maximum LC - Letter of Credit p.a - Per Annum Fgn - foreign |
PLR---9.25% W.E.F. 01-10-2021 FOR MORE INFORMATION PLEASE VISIT YOUR BRANCH OR CALL ON TEL:4673914,4673915,4673901 |
FEES AND CHARGES FOR DIFFERENT PRODUCTS AND SERVICES UPTO 30-09-2022
Savings Bank Account
| Minimum Balance Required to open account without cheque book facility | R200 |
| Minimum Balance Required to open account with cheques book facility | R500 |
| Minimum Balance Required to open account by expatriates With/without cheques book facility | R500 |
| Bank card | FREE |
| Cheque returned for insufficient funds | R500 |
| Lost/ Replacement of Bank Card. | R 50 |
| Balances below specified amount i.e R200/-(without cheque book)& R500/-(with cheque book) | R 50 p.m |
| Maintenance of Dormant a/c* | No charge |
| (*When account is not operated for -2-years) | – |
| Cash Transaction at the counter | FREE |
| Unauthorized O/D (not allowed) | 24%p.a on overdrawn account |
| Cheque Books | 50 pages R130, 100 pages R200 |
| Duplicate statement | R10 per page |
Current Account(Individual and Business)
| Minimum Balance Required to open account | R5000/- |
| Current a/c Closure charge | No charge |
| Cheque books | 50 pages R130, 100 pages R200 |
| Cheque returned for insufficient funds | R500 |
| Temporary Overdraft | 24% p.a on overdrawn account |
| Request archive statements(30 entries per page) | R10 per page |
| Maintenance of Dormant a/c* (*When account is not operated for-1- year) |
Nil - |
| Automated transfers | FREE |
| Balances below R5000 | R200 p.m |
| Unauthorized O/D (not allowed) | 24%p.a on overdrawn account |
| Maintenance fee(half yearly) | R100 |
| Cash Transaction at the counter | FREE |
| Duplicate statement charge | R20 per page |
Foreign Currency Current Account
| Minimum Balance Required to open Foreign currency account a) For salary A/c b) For others |
Equivalent to USD 25 Equivalent to USD 100 |
| Inward transfers received from banks | No charge |
| Maintenance of Dormant a/c | 5No charge |
| Local cheque collection | SD5 |
| Cheque book 50pages(Current Account)) | USD10 |
Fund Transfers
| LOCAL PAYMENTS | |
|---|---|
| Fund transfer through SEFT (Manual / Over the counter) | SCR 20 |
| Fund transfer through SWIFT (for any amount) | R50 |
| Banker’s cheques | R50 |
| FOREIGN PAYMENTS | |
| SWIFT/ TT ( in case currency/country differs) | |
| Transfer to India in INR through Rapid Funds to India | SCR 35 or equivalent |
| (** plus correspondence bank charge, if any) | |
| Foreign Drafts | R400 |
| Cancellation of draft | R50 |
Standing Orders
| Current a/c & Savings a/c(Internal transfer) | No charges |
| Current a/c & Savings a/c(External payment) EFT | R20/- |
| Current a/c & Savings a/c(Exter. payment) SWIFT | R50/- |
| New standing order set up for external remittance.(One time) | Rs25/- |
| Unpaid due to insufficient funds | R500 |
Documentary Credits (Inwards)
| Opening/ Establishment of LC | 2% min. R300 p.q.> 3 months 50% p.q. or part thereof |
| Advising/ Notification | No charge |
| Negotiation | 1% subject to minUSD50 |
| Confirmation | No charge |
| Amendment | 2% of increased amount, min. R250. |
| Acceptance | 1% min. R250 |
| Under other credits | No charge |
| Commission on Payment | No charge |
| Commission on Issuance | No charge |
| Verification of documentation, collection | No charge |
| Telex/Fax/ Swift sent at client’s request | R125 |
Documentary Credits (Outwards)
| Notification | No charge |
| Acceptance | 0.50%minUSD40 |
| Confirmation | No charge |
| Negotiation | 0.50%minUSD40 |
| Opening/ Transferring | 2%p.q minR400 |
| Drawing/verification of documentation | R100 |
| Amendment | 2% of increased amount, min. R250. |
| Shipping guarantee | R500 |
| Telex/ Fax/ Swift sent at client’s request | R125 |
Loan and Advances Fees
| Business O/D & loans – fresh /renewal fee | 1%minR300 |
| Processing Charge for adhoc/Excess | 2% of the amount sanctioned |
| Personal loan fresh only | 1% MinR400 MaxR1000 |
Home loan: upto SCR 1.5 Mn |
SCR 2500 For first home acquirer and 0.25% for others 0.50% of loan amount |
| Car loan (fresh only) | Car Loan-1% MinR300 |
| Loans – full pre-payment fee | No charge |
| Loan/OD against FDR | SCR300 (FOR ANY LIMIT) |
| C/F Loan & Advance Fees, Processing Fee Amendment to loan contracts/agreement ————- |
——————————————— No charge |
| Detail of loan repayment | No charge |
| Pre-mature closure | No charge |
| Part-repayment (require rescheduling) | No charge |
| Prepayment charge: Loan in SCR currency Loan in Fgn currency |
-NIL- 3% on prepayment amount |
| Unpaid term loan (Overdue) | 2%p.a+ normal interest rate |
| Unpaid term loan (Overdue) | 2%p.a+ normal interest rate |
| Penalty interest rate | 2%p.a+ normal interest rate |
| Legal Fee(as charged by the lawyers) | Actual |
| Loan – cancellation of agreement (pre-disbursement) | R500 |
Guarantees, Bonds, indemnities etc.
| Immigration Guarantee/bond/indemnities. | 1%p.a MinR500p.a |
| Financial Guarantee | 2%p.a |
| Performance Guarantee | 0.5%p.a |
Bill for Collection(Inward and Outward)
| Inward (documentary) | 1%minimum SCR350+SCR300 transmission cost |
| Inward (clean) | USD 30 |
| Holding bill beyond due date | SCR250/- |
| Outward(sight/tenor) | 0.25%,minUSD20 |
| Tracer to charges | R200 |
| Courier Charges | Actual |
| Non-Standard Cheques for collection | SCR100 per cheque. |
Miscellaneous
| Bank audit report to company’s auditors | Balance confirmation only-R100,Also other detailsR200 |
| Status report for customers | R100 |
| Safe custody | R500 to R2000 p.a. depending on the size of the lockers |
| Attestation of documents | R50 per documents |
| Loss of wallet/ key | R5000 |
Internet Banking Facilities
| Transaction based | Free of cost |
Abbreviations
| p.m – Per Month | PLR—11.00%p.a w.e.f 16-04-2018 FOR MORE INFORMATION PLEASE VISIT YOUR BRANCH OR CALL ON TEL:4618000 ,4618001,4618002,4618009 & 4618011 |
| a/c – Account | |
| max – Maximum | |
| LC – Letter of Credit | |
| p.a – Per Annum | |
| Fgn – foreign |